The Pantry, Inc. (Nasdaq: PTRY), announced that Dennis G. Hatchell will become President and Chief Executive Officer of the Company, effective March 5, 2012. Mr. Hatchell previously served as Vice Chairman of Alex Lee, Inc. headquartered in Hickory, North Carolina, which is a holding company for Lowe’s Food Stores, Merchants Distributors, Inc. and Institution Food House. He will succeed Edwin J. Holman who served as interim CEO since Terrance M. Marks resigned as CEO effective in October 2011. Mr. Holman will remain in his position as Chairman of the Board of Directors of the Company, working closely with Mr. Hatchell, who will join the Board of Directors following the Company’s Annual Meeting in March.

Hatchell, age 62, is a seasoned executive with over 39 years of experience in the grocery business. Mr. Hatchell has served as Vice Chairman of Alex Lee, Inc. since 2011.